Is Truth Or Consequences, New Mexico a Good Place To Live? - Living In Truth Or Consequences, NM

Is Truth Or Consequences, New Mexico a good place to live?
Truth Or Consequences is a city in New Mexico state in USA with a population of 5839 residents.. The poverty rate of Truth Or Consequences is 30.3%, which is 116% higher than national average. The typical household in Truth Or Consequences earns $28250 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 6 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 67.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Truth Or Consequences, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Truth Or Consequences remained 7.8%, which is 66% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Truth Or Consequences, only 23% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in Truth Or Consequences is 79, which is 21% lower than national average. Median home value in Truth Or Consequences is $84300 , which is 63% lower than national average. While median income in Truth Or Consequences remained $28250, which is 58% lower than national average.
Population
5839
Unemployment
7.8%
66% NAT AVG.
Poverty
30.3%
116% NAT AVG.
Overall Score
5
Median Home Cost
$84300
63% NAT AVG.
Median Income
$28250
58% NAT AVG.
Median Rent
$505
56% NAT AVG.
Cost Of Living
79
21% NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 13
People Earning < $10,000
1 in 6
People Earning < $50,000
67.2%
People with <= High School
1 in 2.4
People With Any Degree
1 in 3.1
Pros & Cons Overview

Jobs40%

Housing30%

Affordability60%

Safety60%

Amenities60%

Diversity85%

Education60%

Commute100%